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Showing posts from April, 2018

talks on Korean de-nuclearisation

Discussions between Kim Jong Un and South Korea’s President have been widely welcomed by the international community. It remains to be seen whether or not President Trmp can build on the new relationship when he meets with the North Korean leader. There needs to be a deal of thought into what is meant by the de-nuclearisation of the Korean peninsula. Will the world be any safer if Kim Jong Un sells or gives his nuclear arsenal to an ally – such as Pakistan, Iran, South Africa or Zimbabwe?

More heads should roll over banking royal commission

There have been no real surprises uncovered by the Royal Commission into the banking and superannuation industries. It has been known for years that financial advisers provide advice that benefits the adviser rather than the client. Federal Governments allowed this to happen by failing to to ensure that the financial regulator, ASIC had a proper oversight of the industry. The regulator has a cosy relationship with the industry and successive governments endorsed it.Bank executives and board members should be made accountable - as should bureaucrats and politicians who sat on their hands while all this was going on in plain sight.

Looming world war will largely be fought on American soil

The US seems to be working overtime to start the third world war. Trump doesn't care if it's over Syria, North Korea, China or Russia - he just wants a fight. The latest American outrage over Syria is an example of not thinking things through. He and his Generals don't want to accept that Russia has developed sophisticated electronic waqrfare systems. It will be relatively simple to disrupt US missile attacks to the point where the missiles could land anywhere.Won't it be interesting for the US to conduct a strike on Israel?Another they have miscalculated is that the next world war will involve combat at home - something t hey haven't experienced since the Civil War. It's all very well stamping around the world killing people, but they it will be too late for second thoughts with the Russians, Chinese and North Koreans sweeping down from the North and South American forces marching north.

Russia may be ready for US missile assault on Syria

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The Us seems prepared to go ahead with threats to launch missile strikes against Syria, even though no evidence has been presented to establish that the Syrian regime launched a chemical attack – and anyway, where were the weapons obtained – mostly from Western arms dealers, the US, UK and France. The arms trade has been a lucrative business for these countries who regard themselves as civilised, many of those weapons find their way into the arsenals of terrorist groups. If an attack is launched, Russia has said it will shoot down the US missiles and may strike the launch sites. Many in America think that is just empty talk but Russia has been working for decades on missile defence systems. It has already deployed S21 and S22 defence missiles in Syria and is reported to have an S 400 Triumf interceptor system in place with long range capabilities. It may also have satellite weapons systems operational to bring down cruise missiles.

Coal-fired power farce

The fuss over the Lidell power station is a direct result of the New South Wales Government selling the asset to AGL. If it was still owned by the Government, decisions would be easier to make. It was the same in Victoria after Premier Kennett privatised the State Electricity Commission – including the Hazelwood power station. Short term financial gain resulted in negative long term consequences for the community – a usual result of Government incompetence. Politicians are unable to grasp the concept of long term impacts and consequences. ‘Pie in the sky’ calls for the Federal Government to invest billions of dollars in building new coal fired power stations will achieve nothing but more debt for the country. Even if they were built, a future Government would sell them to private enterprise.But there is an argument that Australians may as well have the benefit of power generation from our coal, If the coal is sold and burned overseas we are contributing to world carbon pollution. It ...